11 Decathlon Capital Portfolio Companies Make the Inc. 5000

Decathlon Capital’s revenue-based financing solutions help companies accelerate growth and create value without any dilution or loss of control, so we’re proud to announce that 11 of our portfolio companies have made this year’s prestigious Inc. 5000 list of the fastest-growing private companies in the United States. This year marks the highest representation of Decathlon Portfolio Companies on the Inc. list of all-time with 11.2% of active portfolio companies being recognized.  

#28Xevant. Headquartered in Lehi, Utah, Xevant is a groundbreaking analytics platform that infuses real-time automation across the entire pharmacy benefits eco-system, driving lower costs and improving health. This year marks the company’s debut on the Inc. 5000 list, and their 11,853% 3-year revenue growth rate ranked them in the top 6% all Inc. companies. Decathlon recently partnered with Xevant in 2021, and we’re thrilled to be along for the ride as the company achieves historic growth while simultaneously bringing increased transparency to a complicated pharmacy benefits landscape. 

#265ICU Technologies. ICU Technologies delivers turnkey public safety security solutions with measurable business outcomes to local, state and federal government agencies. The company makes its return to the Inc. list this year touting a 2,029% 3-year revenue growth rate after their initial Inc. debut in 2020. Decathlon provided a seven-figure investment to the Veteran-led business in February of 2020, and we send our congrats to the ICU Technologies team on the recognition and continued success. 

#309Sheets & Giggles. Sheets & Giggles is a sustainable bedding brand based in Denver. S&G is famous for their eucalyptus lyocell sheets, which have been featured on Good Morning America, and which also won “Best Overall” sheets in Good Housekeeping. 2022 marks the Company’s debut on the Inc. list as they celebrate 1,849% revenue growth during the last three-year period. Led by Colin McIntosh, Sheets & Giggles is a certified Sustainable Business, and we’re excited to play a small part in the company’s growth story following our recent investment in April 2022. 

#320Ragnarok. Founded in 2012, Ragnarok is a rapidly expanding agency with teams across the US and clients across the globe. As a full-service agency, Ragnarok bridges the gap between creative, strategy, and technology, and specializes in cross-channel content strategy, creation + distribution (email, push, SMS, web, video, social and more), as well as web development + implementation. Directed by Co-CEOs Steven Aldrich and Spencer Barrett, the company debuts on the Inc. list this year with a 1,789% 3-year growth rate. Having made an investment in November 2021, Decathlon is excited to see what’s to next to come for the fast-growing creative house.

#664 — Knocking Inc. Making its debut on the Inc. list, Knocking provides media companies new ways to maximize audience engagement and revenue by producing content with fully integrated with e-commerce capabilities. This Fairfield, CT – based firm has achieved 950% revenue growth over the last three years, and Decathlon has been a long-time partner since investing in 2018. We’re excited to be a part of Knocking’s growth story, and send our congratulations to Markus and the rest of the team. 

#847Data Society. Headquartered in Washington, D.C., Data Society is a leading provider of industry-tailored data science training solutions and cutting edge AI solutions to government agencies and Fortune 500 companies. This year marks the company’s return to the Inc. 5000 list after debuting in 2021 at #1834, and the momentum continues as the company reports a 748% 3-year growth rate. Decathlon originally invested in Data Society in 2021, and we’re excited to be along for the ride as the company delivers industry-leading data science learning solutions to enterprises and agencies around the world. 

#1552 — NowRX. Headquartered in Mountain View, CA., NowRx is rebuilding healthcare the way it should be – accessible, convenient, and affordable for all. The company debuts on the Inc. list this year a 412% 3-year revenue growth rate, and Decathlon couldn’t be more excited about the future of this mission-driven platform. Led by CEO Cary Breese, the company has delivered over 100,000 prescriptions to 18,000 customers. NowRX first-partnered with Decathlon in May 2020.

#1586 — Insellerate. Founded in 2015, Insellerate is a lending technology platform that transforms the Borrower Journey from transaction to relationship, creating customers for life. The company provides a Customer Experience Platform which delivers Lead Management, Sales Enablement, Engagement Automation, a Mortgage Specific Content Library, Data Intelligence and Customer For Life Campaigns all in one comprehensive and highly scalable platform. 2022 is the Company’s first year making the Inc. list as they celebrate 401% revenue growth over the last three years. Decathlon originally partnered with the Company in November 2020, and sends our congratulations to the entire Insellerate team on achieving this milestone.

#2052 — Transitiv. Atlanta-based Transitiv drives consistently better decisions for brand networks by unifying, understanding, and activating their data to create powerful recommendations that improve performance. Transitiv’s proprietary FIT Score tracks the pulse of franchises by aggregating the leading indicators of location performance and business health into a single metric, revealing the health of franchise locations – and systems as a whole. Founded in 2016, the company debuts this year on the Inc. list with a 3-year growth rate of 292%. Since Decathlon’s original investment in June 2021, we have enjoyed working closely with the Transitiv team and look forward to future milestones.

#2910 — Murphy Door. Founded in 2007, Murphy Door makes it easy to build and install a beautifully functional doorway bookshelf system. The company’s products are produced at its headquarters in Ogden, Utah and distributed nationwide. Directed by a full-time firefighter, the company is proud that more than 80% of all its employees or family members are directly involved in full time, part time or volunteer police or fire departments. After debuting on the Inc. list in 2019, Murphy Door is recognized for their fourth consecutive year of outstanding growth, touting a 3-year growth rate of 186%. Decathlon is excited to see what’s to next to come for the fast-growing manufacturing firm.

#4388 — AudienceX. AudienceX is the largest independent trading desk for digital marketing, deploying high-performing end-to-end marketing campaigns for all industries and utilizing artificial intelligence to do so. The company has seen consistent revenue growth with a 102% increase in sales over the past three years and four consecutive Inc. 5000 recognitions. Headquartered in Southern California, AudienceX is led by CEO Reeve Benaron. Decathlon provided a multi-million dollar investment in January of 2020, and we send our congrats to the AudienceX team on the recognition and continued success.

For Decathlon, these companies are illustrative of what we do both as individual investments and as a group. While this year’s Inc 5000 portfolio companies are different sizes, operate in a wide variety of sectors, and are located in different regions, each company has leveraged revenue-based funding to help accelerate growth without having to suffer any dilution or be bound by overly restrictive financial covenants. Whether they have been selected for Inc.’s list over several consecutive years or are making their debut with plans of staying, this achievement testifies to the strength of their business models and management acumen. We congratulate all of them, and look forward to their continued success.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at https://www.decathloncapital.com.

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